Hong Kong Exchanges and Clearing (HKEx) has opened its new data centre in a bid to strengthen the foundation of its market infrastructure.
The facility in the Tseung Kwan O Industrial Estate is the centrepiece of the bourse's Orion Technology Initiatives, a HK$3 billion programme to enhance HKEx's technological infrastructure by consolidating the primary data centres for all of HKEx's markets and clearing house systems and the majority of IT development and support staff. Previously, HKEx ran out of two separate locations in Hong Kong, with backup centres in three other locations in the city.
"HKEx is at a transition point in its development. With the acquisition of the London Metal Exchange, HKEx Group is a major global player in the exchange space," said HKEx chairman C K Chow.
The new facility will provide low-latency, co-location hosting services for HKEx market participants through up to 1,200 racks on two dedicated floors in the five-storey data centre.
"The development of this data centre - from concept to completion - in such a short amount of time is a testament to our management, staff, and project partners who worked so hard to make this happen. The fact that a project on this scale can be accomplished on schedule within budget is a magnificent achievement. I want to thank all of them for their excellent work," said HKEx CEO Charles Li.
In addition to hosting, the new centre enables high capacity trading and ultra-low latency price information with a suite of market data products.